Binance, the massive cryptocurrency exchange founded in , is taking a $200 million stake in the entity seeking to acquire Forbes, the US news publisher that previously accused Binance of attempting to 'intentionally deceive regulators'.
A source familiar with the matter told DailyMail.com that Binance is plowing the cash into Magnum Opus Acquisition, the blank-check firm seed-funded by the Chinese government, after half of the original investors dropped out of the deal.
A spokesman for Binance on Thursday confirmed the $200 million investment, which would give it roughly a 25 percent stake in Forbes. first reported the investment.
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